v3.26.1
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table represents the Company's outstanding debt:
(in thousands, except interest rates)June 30, 2026December 31, 2025
Borrowings under the Amended Credit Agreement
USD borrowings$348,000 $350,000 
EUR borrowings102,669 105,663 
Total bank debt450,669 455,663 
Less: Current maturities of long-term debt— — 
Long-term debt$450,669 $455,663 
Schedule Interest Rate for Borrowings
The applicable interest rate for borrowings under the Amended Credit Agreement is based on both Term SOFR and EURIBOR plus a spread, which is based on our leverage ratio (as defined in the Amended Credit Agreement) at the time of a borrowing as follows:
Leverage RatioCommitment FeeABR SpreadTerm Benchmark/ Daily
Simple SOFR Spread
<1.00:1.00
0.275%0.500%1.500%
≥ 1.00:1.00 and < 2.00:1.00
0.300%0.625%1.625%
≥ 2.00:1.00 and < 3.00:1.00
0.325%0.750%1.750%
≥ 3.00:1.00
0.350%1.000%2.000%